Ledbetter Carl 4

What Happened

• Carl Ledbetter, a director of Cloudflare, was granted 842 restricted stock units (RSUs) on June 30, 2026. The reported acquisition price is $0.00 (award).
• This transaction is a compensation award (not an open-market purchase or sale) and is common for non-employee directors.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely).
• Amount: 842 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: not disclosed in this filing.
• Footnote F1: RSUs vest on the earlier of (i) June 30, 2027 or (ii) the day prior to the issuer’s next annual meeting of stockholders.
• Footnote F2: The shares are held of record by the Carl S. Ledbetter Trust dated February 14, 2020, for which Ledbetter serves as trustee.
• Transaction code: A (award/grant).

Context

• RSU grants to outside directors are routine compensation and represent future stock compensation that vests over time; they are not an immediate buy or sell signal.
• Vesting conditions mean the economic benefit depends on continued service until the vesting date (or the earlier annual meeting threshold noted).